Monitors to Hold Over 50% Revenue Share in Global Anesthesia Machines Market: Fact.MR Study
Published : 24 Nov 2021 Industry: Healthcare
As per industry analysis on anesthesia machines by Fact.MR, a market research and competitive intelligence provider, the global market is anticipated to expand at a healthy CAGR of 6% over the decade and reach a valuation of US$ 20 Bn by 2031.
Anesthesia machines are usually operated by medical professionals who hold expertise in anesthesiology. An anesthesia machine is an integral part of a hospital care system and is also considered as one of the essential medical apparatus in nursing homes and ambulatory units. Modern anesthesia machines greatly increase patient safety. Anesthesia machines have the ability to supply variable flow, minimum low flow rate, and scavenge systems to absorb waste gases. These are also emergency systems such as oxygen flush systems.
Continuous developments regarding the design of anesthesia machines, increasing capabilities of anesthetic devices, and rising accident and trauma cases are expected to boost demand for anesthesia machines over the next ten years.
Key Takeaways from Market Study
- Global anesthesia machines market to top US$ 20 Bn by 2031.
- Anesthesia monitors projected to reach around US$ 10 Bn by 2031.
- Standalone anesthesia machines projected to record above 3% CAGR over next 10 years.
- Continuous anesthesia machines expected to reach valuation of US$ 5 Bn by 2031.
- Market in North America holds share of more than 40%.
“Increasing research & development efforts to produce cost-effective and innovative anesthesia solutions is predicted to give strong growth possibilities for anesthesia machine suppliers,” says a Fact.MR analyst.
Majority of anesthesia machine manufacturers are working hard to raise medical technology standards in the field of anesthesiology.
- In September 2019, at the American Association for Respiratory Care (AARC) conference, Biovo technologies ltd. launched its latest HyperForm product range. HyperForm, a ground-breaking platform of disposable anesthesia and breathing devices, improves patient safety significantly above conventional alternatives.
More Valuable Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the anesthesia machines market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031.
The study divulges essential insights on the market on the basis form (portable anesthesia machines and standalone anesthesia machines), product type (continuous anesthesia machines, intermittent anesthesia machines, modern anesthesia machines, anesthesia ventilators, anesthesia monitors, anesthesia delivery machines, anesthesia workstations, and others), subject (human anesthesia machines and veterinary anesthesia machines), anesthesia disposables and accessories (anesthesia masks, anesthesia circuits, endotracheal tubes (ETTs), and laryngeal mask airways (LMAs)), clinical indications (nervous system surgeries, ENT system surgeries, respiratory system surgeries, cardiovascular system surgeries, digestive system surgeries, urinary system surgeries, musculoskeletal system surgeries, and skin system surgeries), and end user (hospitals, specialty clinics, ambulatory surgical centers, and point of care), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa).
Fact.MR’s Domain Knowledge in Healthcare
Our healthcare consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the healthcare sector. Our expertise in recognizing the challenges and trends impacting the global healthcare industry provides indispensable insights and support - encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.
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Shambhu Nath Jha
Sr. Consultant - Healthcare